Euro zone, IMF agree to Greek debt deal

SarahTurner

SYDNEY (MarketWatch) -- Euro-zone finance ministers, the European Central Bank and the International Monetary Fund agreed early Tuesday on a plan to cut Greece's government debt to 124% of gross domestic product by 2020 and to less than 110% of GDP by 2022, paving the way for the country to receive its next tranche of financial aid. At a news conference in Brussels, European Commissioner for Monetary Affairs Olli Rehn said that "Greece has shown that it is serious about reform," and has kept to its commitments. The euro moved higher after the news, trading just below $1.2996, up from $1.2961 ahead of the announcement.

Intraday Data provided by SIX Financial Information and subject to terms of use.
Historical and current end-of-day data provided by SIX Financial Information. Intraday data
delayed per exchange requirements. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc.
All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More
information on NASDAQ traded symbols and their current financial status. Intraday
data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. S&P/Dow Jones Indices (SM)
from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Financial Information and is
at least 60-minutes delayed. All quotes are in local exchange time.